POMSoX UPDATE

LOCAL STOCKS

On Friday, the local market ended relatively quiet with only a few trades going through for CPL at K2.50, while CCP closed unchanged at K2.43. In the overseas markets, LGL finished at AUD3.40 with a high of AUD3.52 while on the local market it closed with bids as high as K5.20. And NBO concluded the week at GBP2.52.

The market is expected to open flat today, with offers for OSH as low as K8.50 and BSP bids still steady at K0.98.

PNG NEWS

On the corporate front, LGL released its annual report announcing a 54 percent increase in their net earnings on the back of a strong gold price and an increase in the production output.

MOVERS
Last Friday’s movers on the bourse 23/02/09:
BSP: -1.01%
CPL: 0.80%